Free-Standing Masonry Office
For Sale
Contact for pricing
229 Pasadena Pl, Orlando, FL 32803
Well-maintained masonry office building with 10 parking spaces and adjacency to Lake Highland Preparatory School.
Property Size1,704 SF
Price / SF$498.83
Days on Market546
Property Features for 229 Pasadena Pl
General Information
Standard status
Active
Size
1,704 SF
Total Parking Spaces
10
Property subtype
OFFICE
Site & Location
Neighborhood
Lake Highland
Building Details
Buildings
1
Building Size
1,704 SF
Construction
masonry
Parking Ratio
6 per 1,000 SF
Listing Agency:
JLL | Orlando
(407) 982-8550
Listed By:
John Worrell · License #SL3315469
(407) 982-8735
Source:
Moodyscre
Added: May 9, 2025
Changed: Oct 25
Last Checked: Nov 4 at 2:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL | Orlando
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,704 SF free-standing office is housed in a well-maintained masonry building at 229 Pasadena Pl in Orlando, FL 32803. The layout supports an owner occupant strategy, with the ability to occupy the entire building or only a portion of it.
The property includes parking at a rate of 6 parking spaces per 1,000 SF (10 total). It also benefits from its adjacency to Lake Highland Preparatory School, providing useful context for day-to-day operations and visibility to nearby activity.
Overall, the building is designed for straightforward owner-occupied use, whether you plan to take the full footprint or lease out unused space.
The property includes parking at a rate of 6 parking spaces per 1,000 SF (10 total). It also benefits from its adjacency to Lake Highland Preparatory School, providing useful context for day-to-day operations and visibility to nearby activity.
Overall, the building is designed for straightforward owner-occupied use, whether you plan to take the full footprint or lease out unused space.
Key Highlights
- 1,704 SF free‑standing office building
- Well‑maintained masonry construction
- Owner occupant can occupy entire or partial building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,822
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,440
$636.4K
Cap Rate 7%
$454,600
$454.6K
Cap Rate 9%
$353,578
$353.6K
Market Conditions
NOI Build-Up for 1,704 SF
Gross rent
$51.1K $30.00/SF
− Vacancy
−$8.7K −$5.10/SF
EGI
$42.4K $24.90/SF
− OpEx
−$10.6K −$6.23/SF
NOI
$31.8K $18.67/SF
Area
Orlando, FL
Vacancy
17.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,440
Cap Rate 7%
$454,600
Cap Rate 9%
$353,578
Alternative Uses
Best Use
Office B
$454.6K
$397.8K – $530.4K
NOI $31,822 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$548.9K
$480.3K – $640.4K
NOI $38,424 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
3,248
Businesses Nearby
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Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained masonry office building with 10 parking spaces and adjacency to Lake Highland Preparatory School.
Where is this office building located?
The property is located at 229 Pasadena Pl Orlando, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1,704 SF free‑standing office building; Well‑maintained masonry construction; Owner occupant can occupy entire or partial building
